Keystone revamps Broad Ripple garage after zoning defeat
The developer of a $15 million parking garage and retail project in Broad Ripple has overhauled its plans to comply with flood-plain rules and expects to start construction this month.
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MainSource Bank snags prime former Borders space
MainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner of Meridian and Washington streets downtown.
Interchange project changes retail prospects on west side
Land at the Waterfront Office Park that sat vacant for decades is now ripe for retail development thanks to the reconfiguration of a west-side interstate interchange.
Simon Property reaches $2 billion credit arrangement
Indianapolis-based Simon Property Group Inc., the country's largest shopping mall operator, has a new $2 billion unsecured revolving line of credit.
Developer ups retail ambitions for 86th-and-Keystone site
A Wisconsin developer has beefed up plans for the southwest corner of East 86th Street and Keystone Avenue across from The Fashion Mall at Keystone.
Mainstreet signs operator for new health care properties
A Cicero-based developer has signed a national senior-living company to operate four new properties it plans for Indiana.
Fishers building owner seeks bankruptcy reorganization
Lantern Partners LLC owns the Freedom Mortgage Building once occupied by the failed Irwin Mortgage Corp. Lantern’s largest creditor is owed nearly $11.4 million.
Buckingham reviving Gramercy project with smaller plans
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
Greenwood eyes more office parks for I-65 corridor
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
Prominent downtown buildings offered for sale
Greater availability of debt financing has spurred renewed interest in real estate deal-making. Chase Tower and Rolls-Royce's downtown complex are for sale, while Capital Center is under contract.
Developer Kite to remake key corner in Carmel
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
First stage of $85M downtown project up for approval
The city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.
Retail lineup taking shape for CityWay project
CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.
Shareholders vote disapproval of Simon’s $120M bonus
Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million retention award given to CEO David Simon.
South-side medical office building in foreclosure
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a loan originating from 2002 and is seeking to have a court-appointed receiver manage the building’s operations.
Binford-area neighborhood alliance upping ambitions
The two main retail centers in a northeast-side development area will be at 100-percent occupancy when Uncle Bill’s Pet Express opens in a small space at Binford Boulevard and 71st Street. Binford Area Growth and Revitalization, a super-neighborhood association better known as BRAG, began striving for this milestone in 2005.
Massive Anson project showing residential, retail progress
Duke Realty Corp. has retrenched at its massive Anson development in Whitestown—focusing on the most promising sections, rearranging some of its site plans, and letting land-purchase contracts expire on about 300 acres where development prospects are likely several years away.
New warehouse ends drought of spec industrial development
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
Summit lands bank tower management contract
Summit Realty Group assumed management of the 28-story M&I Plaza on May 14, replacing CBRE.
For-profit university eyes College Park office space
South Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the College Park office complex into its latest campus.